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    HomeTop StoriesJapan's Nikkei blows past 34,000 mark for the first time in over...

    Japan’s Nikkei blows past 34,000 mark for the first time in over 30 years; CSI 300 near 5-year lows

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    Tokyo Skytree and Mount Fuji are seen from the I-link Town observatory in Ichikawa city, Chiba prefecture, east of Tokyo on July 2, 2023.

    Philip Fong | Afp | Getty Images

    Asia-Pacific markets mostly fell Wednesday, with China’s CSI 300 closing at near 5-year lows, though Japan defied the trend to extend its 33-year high.

    Japan’s Nikkei 225 surged 2.01% to cross the 34,000 mark for the first time since March 1990, closing at 34,441.72. The broader based Topix also gained, climbing 1.3% to end at 2,444.48 and also hitting levels not seen in more than 30 years.

    Australia’s weighted consumer price index — defined as the weighted average CPI of Australia’s eight capital cities — climbed 4.3% year on year, slightly lower than the 4.4% increase expected from a Reuters poll.

    The S&P/ASX 200 fell 0.69% and closed at 7,468.50, after snapping its four-day losing streak on Tuesday.

    South Korea’s Kospi slipped 0.75% to end at 2,541.98 as the country’s unemployment rate hit a 23-month high, while the Kosdaq tumbled 1.04% to 875.46.

    Hong Kong’s Hang Seng index dropped 0.49%, while the mainland China’s CSI 300 lost 0.47% to finish at 3,277.13, hitting its lowest level since Jan. 31, 2019.

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